181,638 Shares of JPMorgan U.S. Momentum Factor ETF $JMOM Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. bought a new stake in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 181,638 shares of the company’s stock, valued at approximately $15,140,000. JPMorgan U.S. Momentum Factor ETF makes up approximately 1.4% of Cabot Wealth Management Inc.’s holdings, making the stock its 26th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 2.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock valued at $443,000 after acquiring an additional 139 shares during the period. Asempa Wealth Advisors boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% during the 3rd quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock worth $696,000 after acquiring an additional 149 shares in the last quarter. TSA Wealth Managment LLC grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% in the 3rd quarter. TSA Wealth Managment LLC now owns 12,928 shares of the company’s stock worth $1,078,000 after acquiring an additional 214 shares during the period. IFP Advisors Inc grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 45.4% in the 3rd quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $94,000 after acquiring an additional 352 shares during the period. Finally, Independent Wealth Network Inc. grew its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 18.7% in the 3rd quarter. Independent Wealth Network Inc. now owns 3,192 shares of the company’s stock worth $266,000 after acquiring an additional 502 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

NYSEARCA JMOM opened at $79.84 on Thursday. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.82 and a 1-year high of $86.07. The company has a market capitalization of $2.71 billion, a P/E ratio of 24.41 and a beta of 1.06. The business has a 50 day moving average price of $81.90 and a 200 day moving average price of $78.33.

About JPMorgan U.S. Momentum Factor ETF

The JPMorgan U.S. Momentum Factor ETF (JMOM) is an exchange-traded fund that is based on the JP Morgan US Momentum Factor index. The fund tracks an index of US large-cap companies with strong momentum, weighted by optimized market-cap. JMOM was launched on Nov 8, 2017 and is managed by JPMorgan Chase.